Personics Files For Protection

Personics Corp. of Redwood City has filed for bankruptcy protection after running short of cash in its efforts to introduce customized audiotaping in record stores. The company, launched with more than $27 million invested by Time Warner and Robert Bass, failed to complete a new round of financing last month. But Federal Court filing said new funding is still anticipated and listed an excess of assets ($8.2 million) over liabilities ($7.3 million).

More Scene

  • Carter Hudson, John Singleton, Angela LewisFX's

    John Singleton on Disney-Fox Deal: 'You Gotta Let FX Be What It Is'

    Personics Corp. of Redwood City has filed for bankruptcy protection after running short of cash in its efforts to introduce customized audiotaping in record stores. The company, launched with more than $27 million invested by Time Warner and Robert Bass, failed to complete a new round of financing last month. But Federal Court filing said […]

  • Kevin Durant Lindsey Vonn

    Kevin Durant, Lindsey Vonn to Keynote Variety's Sports & Entertainment Breakfast

    Personics Corp. of Redwood City has filed for bankruptcy protection after running short of cash in its efforts to introduce customized audiotaping in record stores. The company, launched with more than $27 million invested by Time Warner and Robert Bass, failed to complete a new round of financing last month. But Federal Court filing said […]

  • Cher and Meryl Streep'Mamma Mia! Here

    How the Cast of 'Mamma Mia! Here We Go Again' Geeked Out Around Cher

    Personics Corp. of Redwood City has filed for bankruptcy protection after running short of cash in its efforts to introduce customized audiotaping in record stores. The company, launched with more than $27 million invested by Time Warner and Robert Bass, failed to complete a new round of financing last month. But Federal Court filing said […]

  • Demi MooreComedy Central's Roast of Bruce

    Demi Moore Appears as Surprise Guest at Bruce Willis' Comedy Central Roast

    Personics Corp. of Redwood City has filed for bankruptcy protection after running short of cash in its efforts to introduce customized audiotaping in record stores. The company, launched with more than $27 million invested by Time Warner and Robert Bass, failed to complete a new round of financing last month. But Federal Court filing said […]

  • Outfest Filmmakers Get Political, Issue Call

    Outfest Filmmakers Get Political, Issue Call to Action on Opening Night

    Personics Corp. of Redwood City has filed for bankruptcy protection after running short of cash in its efforts to introduce customized audiotaping in record stores. The company, launched with more than $27 million invested by Time Warner and Robert Bass, failed to complete a new round of financing last month. But Federal Court filing said […]

  • Bob Woodruff Foundation Acquires Veterans Org

    Bob Woodruff Foundation Acquires Veterans Org Got Your 6

    Personics Corp. of Redwood City has filed for bankruptcy protection after running short of cash in its efforts to introduce customized audiotaping in record stores. The company, launched with more than $27 million invested by Time Warner and Robert Bass, failed to complete a new round of financing last month. But Federal Court filing said […]

  • Tiffany HaddishTiffany Haddish at the Hollywood

    Tiffany Haddish on Future Career Plans, Taking Advice From Tyler Perry, Melissa McCarthy

    Personics Corp. of Redwood City has filed for bankruptcy protection after running short of cash in its efforts to introduce customized audiotaping in record stores. The company, launched with more than $27 million invested by Time Warner and Robert Bass, failed to complete a new round of financing last month. But Federal Court filing said […]

More From Our Brands

Access exclusive content